Godrej Waterside to be merged into Godrej Properties
Quotes

Godrej Waterside to be merged into Godrej Properties

Last Updated: Thursday, January 10, 2013, 19:54
 
 Comment 0
 
Godrej Waterside to be merged into Godrej Properties
New Delhi: Godrej Properties Thursday said the company will merge its fully-owned subsidiary Godrej Waterside Properties into itself.

In a filing to the BSE, Godrej Properties has informed that the board, in its meeting held Thursday, approved the scheme of amalgamation of Godrej Waterside Properties Pvt Ltd with Godrej Properties under sections 391 to 394 of the Companies Act, 1956.

"No shares are proposed to be issued pursuant to the scheme since Godrej Waterside Properties Pvt Ltd is a wholly owned subsidiary of Godrej Properties Ltd," the filing added.

The amalgamation scheme is subject to approval of the High Court of Judicature at Bombay, and the shareholders and creditors, if any, of Godrej Waterside Properties, as may be directed by the high court.

Godrej Properties is part of the Godrej Group.

Shares of the company closed at Rs 626.35, up 0.10 percent on BSE.

PTI



First Published: Thursday, January 10, 2013, 19:54


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved